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市場調査レポート
商品コード
1618276
インドの小型商用車市場の評価:車両トン数・産業・推進区分・地域別の機会および予測 (2018-2032年)India Small Commercial Vehicle Market Assessment, By Vehicle Tonnage, By Industry, By Propulsion, By Region, Opportunities and Forecast, FY2018-FY2032F |
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カスタマイズ可能
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インドの小型商用車市場の評価:車両トン数・産業・推進区分・地域別の機会および予測 (2018-2032年) |
出版日: 2024年12月20日
発行: Market Xcel - Markets and Data
ページ情報: 英文 122 Pages
納期: 3~5営業日
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インドの小型商用車の市場規模は、2024年の48億7,000万米ドルから、予測期間中は7.58%のCAGRで推移し、2032年には84億1,000万米ドルの規模に成長すると予測されています。
インドの小型商用車市場は近年著しい成長を遂げており、地域市場における物流サービスの大幅な増加、オンラインショッピングの急速な流行、道路や高速道路のインフラ整備の高まりにより、今後も拡大傾向が続くと予想されています。
インドの小型商用車の需要は、都市化の進展、新型・先進小型商用車の導入に向けた企業の投資の増加、輸送網の拡大、地方と地方間の製品輸送の急増により増加すると予測されています。ロジスティクスやeコマースの分野では、小型商用車は様々な用途に適した多用途の車両であり、定期的な短距離運行にトラックを必要とする事業者にとって理想的で、運用コストが低いことから、需要が高まっています。また、小型商用車にはさまざまなサイズや形状があり、各種業界の正確な要件に対応するために多様なカスタマイズオプションがあることも予測期間中の市場成長を牽引しています。
インド政府は、エアバッグ、アンチロックブレーキシステム、エレクトロニックスタビリティコントロールなどの高度な安全機能を搭載した車両を導入し、輸送中も荷物と人員を効率的に保護するよう企業に求めています。さらに、排ガス規制の厳格化が電気自動車市場の供給サイドに影響を及ぼしており、メーカー各社は新たな規制を遵守するために製品をアップグレードする必要があります。FAME-Ⅱなどの政府の制度は需要を押し上げ、メーカーに電気自動車技術への投資を促し、小型商用車市場におけるEVの供給を拡大させています。
当レポートでは、インドの小型商用車の市場を調査し、市場の定義と概要、市場規模の推移・予測、各種区分・地域/主要国別の詳細分析、産業構造、市場成長への影響因子の分析、ケーススタディ、競合情勢、主要企業のプロファイルなどをまとめています。
India small commercial vehicle market is projected to witness a CAGR of 7.58% during the forecast period FY2025-FY2032, growing from USD 4.87 billion in FY2024 to USD 8.41 billion in FY2032. The market has experienced significant growth in recent years and is expected to maintain an expansion in the coming years owing to a substantial increase in logistics services in the local market, a rapid trend of online shopping, and rising road and highway infrastructure development. India small commercial vehicle market demand is projected to rise owing to rising urbanization, increasing investment by companies in introducing new and advanced small commercial vehicles, expansion in the shipping network, and surging transportation of products between local and regional destinations. In addition, in the logistics and e-commerce sector, the demand for SCVs is propelling as they are versatile machines suitable for a variety of applications, ideal for businesses that require trucks for regular short-haul operations and offer low operational costs. Small commercial vehicles are available in different sizes and shapes, offering a variety of customization choices to address the precise requirements of different industries and driving the market growth for SCVs in India in the forecast period. Moreover, the government of India is compelling companies to introduce vehicles equipped with advanced safety features, including airbags, anti-lock braking systems, and electronic stability control, to ensure that both their goods and personnel are efficiently protected throughout transportation. Furthermore, stricter emission norms are affecting the supply side of the electric vehicle market, requiring manufacturers to upgrade their offerings to comply with new regulations, which impacts production processes and costs. Government schemes like FAME-II boost demand and encourage manufacturers to invest in electric vehicle technology, thereby expanding the supply of EVs in the SCV market.
Rising urbanization, increasing transit of goods between local and regional destinations, and expanding small and medium-sized firms are projected to introduce different market growth opportunities for key companies. Also, companies in the India SCV market plan to introduce new small commercial vehicles to address the rising demand from the middle-class income group and expand their market presence.
For instance, in December 2023, Tata Motors Limited announced the launch of the all-new Intra V70, Intra V20 Gold, and Ace HT+, which can carry higher payloads over longer distances with better economics. This launch enables customers to choose the most optimal vehicle for their needs.
Rapid Introduction of Electric Small Commercial Vehicle Drives Market Growth
The surging introduction of electric small commercial vehicles, growing awareness concerning sustainable transportation, and the significant development of electric charging infrastructure are projected to drive demand for electric small commercial vehicles in India. The demand for electric small commercial vehicles is estimated to rise as electric SCVs offer cost-effectiveness, reduce carbon footprint, and are convenient to drive. Companies in the market are efficiently integrating an advanced all-weather battery cooling system and regenerative braking system to advance the driving range and offer regular and fast charging capabilities coupled with ensuring best-in-class pickup and grade-ability, surging the demand for small electric commercial vehicles in India. In addition, key participants are designing vehicles for continuous haulage operations with lower charging intervals to contribute to a greener future and deliver superior value and low ownership costs. Furthermore, companies in the market plan to launch advanced small commercial vehicles that efficiently offer customers superior performance with maximum profits.
For instance, in September 2023, Mahindra & Mahindra Limited announced the launch of its first dual-fuel small commercial vehicle, the new Supro CNG Duo, to deliver superior style, superior power, superior comfort, and superior safety, leading to superior profits for customers.
E-Commerce Expansion and Last-Mile Delivery Propel the Market Demand
The significant growth in e-commerce is considerably impacting the small commercial vehicle market due to the significant rise in online shopping, the growing requirement for efficient last-mile delivery solutions, and increasing demand from urban logistics. Fleet operators are rapidly using small commercial vehicles in logistics as they are flexible, cost-effective, and easily accessible to various locations at frequent intervals, driving India's small commercial vehicle market demand in the forecast period. The transportation of time-sensitive and perishable goods, including pharmaceuticals, food, and flowers, demand transfer through small, refrigerated trucks, propelling the demand for India's small commercial vehicle market. Companies in the market are launching advanced vehicles that will be known for their lower fuel consumption, overall cost-effectiveness in covering short distances, and easy maneuverability in congested and tight spaces.
For instance, in October 2024, Mahindra & Mahindra Limited announced the launch of the Mahindra Zeo electric small commercial vehicle in the less than 2-ton category.
ICE Dominates the India Small Commercial Vehicle Market Share
ICE vehicles dominate the India small commercial vehicle market as these vehicles contribute to lower maintenance costs and ease of repairs, coupled with lower initial purchase prices compared to EVs. The rapid e-commerce expansion has increased the requirement for efficient last-mile delivery solutions, driving the demand for ICE vehicles in India. In addition, ICE vehicles have different gears, including high and low speeds, to address revolutions per minute requirements for torque, driving the India ICE vehicle market growth in the forecast period. A large number of end users and businesses have a strong preference for ICE vehicles owing to their durability in the market, propelling market growth. Also, companies in the market are planning to launch new ICE vehicles to expand their footprint and product portfolio.
For instance, in May 2024, Ashok Leyland announced the launch of six new light commercial vehicles, offering different payload capacities, incorporating various technologies, and catering to different volume requirements.
Northern India Holds the Largest Market Share
Northern India holds the largest market share owing to significant economic growth, rapid urbanization, e-commerce expansion, and agricultural sector development. The considerable rise in urban population requires efficient logistics solutions for last-mile connectivity, propelling the Northern India small commercial vehicle market growth. The continuous development of road infrastructure across Northern India surges small commercial vehicle requirements. In addition, the rapid expansion of e-commerce in Northern India has introduced different market growth opportunities for the market players in India. Companies in the market, including Ashok Leyland, Tata Motors, and others in Northern India, contribute to competitive pricing and planning to establish extensive dealer networks and service centers to ensure customers access cost-effective vehicles and support services.
For instance, in May 2024, Ashok Leyland inaugurated its new dealership for light commercial vehicles in North Delhi and added to the robust LCV distribution network with over 700 touch points to expand their market presence.
Future Market Scenario (FY2025-FY2032F)
The significant boom in the e-commerce sector in India is propelling the India small commercial vehicle market demand as businesses demand efficient logistics solutions for reliable and quick last-mile deliveries.
Rapid urbanization is growing the requirement for effective transportation solutions in highly populated locations, making SCVs an ideal choice for delivering goods efficiently across narrow streets.
SCVs offer a cost-effective transportation choice for small businesses, with lower initial purchase prices and operational costs compared to heavy commercial vehicles, which are fascinating to budget-conscious operators.
Supportive government policies, including financial incentives for the production of electric small commercial vehicles and investments in infrastructure, are driving the demand for India SCVs market in the near future.
Key Players Landscape and Outlook
Companies in the market are efficiently investing in different research and development activities to advance the functioning of small commercial vehicles and address the rising demand for advanced vehicles. Key participants in the market are integrating different advanced technologies in the SCVs to offer an overall better driving experience and enhance safety features in vehicles. In addition, companies are adopting different market growth strategies, including joint ventures, mergers and acquisitions, collaborations, new product launches, and others to expand their market portfolio and market presence. Furthermore, companies in the market are efficiently testing their products before launching them to capture the largest market share, offer comfort, and enhance the vehicle's performance.
For instance, in September 2024, Tata Motors Limited announced the signing of a Memorandum of Understanding with ESAF Small Finance Band to offer different solutions concerning financing a small and light commercial vehicle to its customers.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.